I'm confused by the topic title and the post, but I'll try answering it the best I can.

A lot of economic panics stems from people taking out more money than they can reasonably pay back, such as in the Panic of 1819, or even the Great Depression (unless you're one of those people who say that FDR exacerbated the depression by increasing government intervention, but I doubt that claim, it was mostly the laissez faire policies of Harding, Coolidge and Hoover. Others say it was the Stock Market Crash, but that alone wouldn't ensue such a depression).

Looks like Trump is starting his trade war with China (and pretty much the rest of the world) with these tariffs. If these tariffs aren't repealed or at the very least lowered, I predict an economic collapse within the next 10 years.

I don't think Trump knows what he's doing; he's already very unpopular, and these tariffs only really help big business, which the majority of people aren't really a part of.

State power has an unbroken record of inability to do anything efficiently, economically, disinterestedly or honestly. The State has never shown itself able to keep its own finances from sinking promptly into the slough of misfeasance, wastefulness and corruption.
Our Enemy, the State
by Albert Jay Nock -- 1935http://www.bigeye.com/enemy.htm

There are a variety of reading materials but there are conflicting theories most of with are politicized. One of the biggest problems with economic theory is that it gets mixed with politics, that is, economics can also be seen as a tool to achieve certain political ends.

Current economic theory cannot predict recessions and you won't find much agreement on the cause of past recessions which is another way of saying that nobody really knows what, in general, causes recessions.

But the place to start here is really a basic book on macro-economics, to understand recessions you need to understand the basics of macro-economics. Just find some popular but past edition of a Macro-economics textbook used on Amazon.

I'm here to exploit you schmucks into demonstrating the blatant anti-intellectualism in the vegan community and the reality of veganism. But I can do that with any user name.

Looks like Trump is starting his trade war with China (and pretty much the rest of the world) with these tariffs. If these tariffs aren't repealed or at the very least lowered, I predict an economic collapse within the next 10 years.

Predict based on what? Just a random guess? There is no reason to believe that Trump's tariffs would result in an "economic collapse". He is calling for tariffs from 10~25%. Even if you did that on $500 billion goods that would be $50~$125 billion in tariffs assuming nobody shifted to other sources (but many would shift). You can think of tariffs like taxes and currently people pay $3.8 trillion in total federal, state and local taxes. So an increase of $50~$125 billion would amount to a tax increase of 1~3% which is by no means large enough to cause an "economic collapse". Also remember tax revenue doesn't go into a hole, it gets spent by the government which generates economic activity.

Always good to do some basic math before you make predictions.

I'm here to exploit you schmucks into demonstrating the blatant anti-intellectualism in the vegan community and the reality of veganism. But I can do that with any user name.

It isn't a random guess, it's based on what most economists are saying (unless this is 'fake news');

Did you read the article? Not sure how you walked away from it with the idea that "most economists" think Trump's tariffs will cause an economic collapse. Many economists think the tariffs are counter-productive and may reduce GDP growth but that is much different than calling for "economic collapse".

Did you read the article? Not sure how you walked away from it with the idea that "most economists" think Trump's tariffs will cause an economic collapse. Many economists think the tariffs are counter-productive and may reduce GDP growth but that is much different than calling for "economic collapse".

I didn't say they said that, it's just my prediction. Not saying it's fact. Since overall, the economists believe it will have a neutral or negative effect, it is reasonable to assume a negative effect. Maybe not a collapse like I said (again, maybe it was too strong a term), but the experts aren't predicting much good.

I didn't say they said that, it's just my prediction. Not saying it's fact. Since overall, the economists believe it will have a neutral or negative effect, it is reasonable to assume a negative effect. Maybe not a collapse like I said (again, maybe it was too strong a term), but the experts aren't predicting much good.

Right its your prediction but my point is your prediction is really just an outlandish guess. If you crunch the basic numbers here its clear there is no reason to suspect the tariffs to cause an "economic collapse" or anything remotely similar.

Some economists argue that the tariffs could reduce GDP growth but that is much different than predicting a recession let alone an "economic collapse". For example let's say the GDP growth in the US was going to be 2.75%, the tariffs may reduce that to 2.40%.

I don't see why we have to have a 'war,' since AFAIK it just seems that Trump wants to get back at China, which doesn't seem to be focusing on doing the most good.

You think China should continue to steal intellectual property from the US and the US can continue to maintain a trade deficit of $370 billion? Approximately 60% of the United States trade deficit is due to China.

Trump didn't create the issues with China, they are long standing issues. His approach may not be the best but a "trade war" of sorts was becoming pretty inevitable.

I'm here to exploit you schmucks into demonstrating the blatant anti-intellectualism in the vegan community and the reality of veganism. But I can do that with any user name.